GU:
This has become another strong indicator that moves today are more likely to be "dollar strength" moves, with the USD releases as the catalyst. Why?
You can easily see that both the Frankfurt and the London traders spiked the price upwards. There is no volume study shown. But, if you look at the volume count for individual bars, it becomes obvious that in both cases the drives were quick up and involved less trading than the slow moves back down. The conclusion is the PPMs did these moves quickly, to involve less money required to achieve altitude. Then they "milked" the altitude gained by more slowly acquiring vastly more shorts on the way back down.
PA returned to the whole number, at which point it had given up nearly all the gains so far for the day. But, at which point, I speculate that the PPMs were more heavily invested short than before.
WARNING: Speculation!
This has become another strong indicator that moves today are more likely to be "dollar strength" moves, with the USD releases as the catalyst. Why?
You can easily see that both the Frankfurt and the London traders spiked the price upwards. There is no volume study shown. But, if you look at the volume count for individual bars, it becomes obvious that in both cases the drives were quick up and involved less trading than the slow moves back down. The conclusion is the PPMs did these moves quickly, to involve less money required to achieve altitude. Then they "milked" the altitude gained by more slowly acquiring vastly more shorts on the way back down.
PA returned to the whole number, at which point it had given up nearly all the gains so far for the day. But, at which point, I speculate that the PPMs were more heavily invested short than before.
WARNING: Speculation!